TJX Adds Again To Its Breach Cost, But It Doesn’t Really Matter
Written by Evan SchumanApril 21st, 2010
With TJX having suffered well more than $47 million in out-of-pocket expenses from its infamous data breach (announced in 2006 but beginning as early as 2003), the $20 billion retailer is preparing to write still more checks. It has now set aside another $23.5 million for additional anticipated breach costs, according to its most recent 10-K statement filed to the SEC.
TJX has for years been the Poster Child for retail data breach. And to date, it is also the best example of how little material impact these breaches have.
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Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk.com? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
I have strong reservations about the 'individual' certification and posting of that information for merchants. Can you imagine the potential employee poaching that might occur? The implications when competitors can look up how many are certified with each of their competitors? 
-Christine
